PRESS RELEASE: Brookfield Financial Accepting Bids for Long Island City Development Site Through November 14

NEW YORK, NY - Brookfield Financial Real Estate Group New York is announcing it is currently accepting bids for the 27-21 44th Drive development site in the Court Square area of Long Island City, Queens. All bids are due by no later than the end of day, Thursday, November 14th.

Brookfield Financial has been retained as the exclusive sales agent for the development site, which is comprised of three adjoining lots zoned R9/M1-5/LIC for as of right residential use. The Brookfield Financial brokerage team of Eric Anton and Ron Solarz along with Eric Weinberg are spearheading the sales effort on the property.

The current asking price for the property is $23.5 million. To request a Confidential Information Memorandum regarding the property, please execute and return the Confidentiality Agreement, available through the link HERE and submit to eric.anton@brookfield.com or ron.solarz@brookfield.com.

About 27-21 44th Drive

The 27-21 44th Drive site, located mid-block between 44th Drive and Purves Street, a hot spot for recent residential development, offers approximately 114,400 square feet of zoning floor area. The Court Square area of Long Island City has become a vibrant, rejuvenated neighborhood since the boom in residential and commercial development spurred by a 2001 re-zoning initiative. The area has experienced an explosion of new residential development in recent years, with nine finished or planned projects within a one block radius of the 27-21 44th Drive site, including five on Purves Street alone.

With abundant transportation options, including 12 bus lines, eight subway lines, the Long Island railroad, five bridges and tunnel and numerous bike lanes, Long Island City is just 10 minutes from Midtown Manhattan and offers abundant public transportation options to LaGuardia and Kennedy airports.

For more information contact the brokerage team at Brookfield Financial at 646-561-4440.